Re: UK Bank Profits.
It is profit not revenue. Revenue was around £14bn.
**City spots flaws in Barclays’ record profits **](http://citywire.co.uk/News/NewsArticle.aspx?VersionID=71964&MenuKey=News.Home)
Barclays shares fall as the City sees through a 20% rise in full-year profits and the bank dismisses takeover talk.
If the American Citibank really does have its eye on Barclays, now is the time to move because chief executive John Varley said being taken over is ‘the last thing’ on his mind.
'We’ve come into 2005 with tremendous momentum after a record 2004 and we won’t be distracted by market speculation,’ he said in a conference call to journalists.
Arguably, Barclays has enough on its plate trying to buy a majority stake in Absa in South Africa. Regulatory authorities continue to scrutinise the deal months after it was first proposed, Barclays said.
Barclays’ preliminary figures for the year to 31 December showed profits before tax 20% higher at £4.603 billion, at the top end of the £4.538-4.612 billion range predicted by analysts.